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i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate for bipartisan consensus here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me you are for real is that you have not signed a pledge that would make it so that you can't vote for a tax increase. it should be a big deal on the order of four trillion dollars over ten years. that's what we need to get growth in our economy and the kind of deal that includes tax reform, entitlement reform and better spending control. >> when you were governor of your state you presided over what i think is the single greatest employment boom we've seen. is washington so different that you wish you were back home? >> you have been out to north dakota, you're invited back, but you are right. the fundamentals don't change. let's build that good business climate. legal, tax and regulatory certainty, w
i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate for bipartisan consensus here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me you are for real is that you have not signed a pledge that would make it so that you can't...
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harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. it hurt the economy last year. megyn: just to clarify and tell the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create budget and there are congress and committees. things are supposed to go through both houses and get voatds on. i think this is going outside the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your sh
harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. it hurt the economy last year. megyn: just to clarify and tell the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create...
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here's what harry reid had to say about republicans today. >> it's not one of my favorite teams but it's really, really fun to watch and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow. he's a guy named mcelroy. he can't decide who their quarterback is going to be. that's the same problem of the republicans. >> wow. if you don't live in new york or follow football, the new york jets are a nfl team that is currently plagued by horrible things. embarrassing losses, infights and culminated the butt fumble on thanksgiving of sanchez. it -- yeah. it shows how grim it is for the new york jets since it's synonymous with infighting. the hometown paper slammed
here's what harry reid had to say about republicans today. >> it's not one of my favorite teams but it's really, really fun to watch and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow. he's a guy named mcelroy. he can't decide who their quarterback is going to be. that's the same problem of the republicans. >> wow. if you don't live in new york or follow football, the new york jets are a nfl team that is currently...
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here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the name of mcilroy. he can't decide who the quarterback is going to be. that's the same problem republicans are having. >> wow. for those of you who don't live in new york or follow football, the new york jets are an nfl team currently plagued by horrible things. infighting and embarrassing losses that culminating with mark sanchez's infamous butt fumble on thanksgiving. it shows how grim it is for the new york jets since their name is synonymous with failure and infighting. even when they won by a mechely point, their hometown paper slammed them. that was when they won. this also shows how far the gop has fallen. since mitt romney's big loss last month. like the jets there's finger points and nastiness. while the republicans haven't experienced their own butt fumble yet, they might not be far off. the jets last game
here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the name of mcilroy. he can't decide who the quarterback is going to be. that's the same problem republicans are having. >> wow. for those of you who don't live in new york or follow football, the new york jets are an...
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harry reid may want to do the same thing. then we could have a discussion. these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line so they could be read before they got voted. as long as americans can read the bill, i think we will avoid raising taxes on the american people. we have to go after the obamacare taxes and get rid of those. host: richard from florida. caller: good morning. you are a popular and you can talk to just about everybody. the office of management and budget' sought a book -- puts ot a book. we could save $900 billion a year getting rid of duplication and fraud and this is in the book. instead of doing all the taxes and other garbage, let's go through this book and do our job.
harry reid may want to do the same thing. then we could have a discussion. these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line...
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harry reid, the old boxer -- >> yeah, harry reid boxed him into this. it's hysterical. >> stephanie: what is the boxing thing -- >> rope a dope. >> stephanie: yes, exactly. where is my story on this -- talk amongst yourselves. >> oh, okay. >> stephanie: he thought he was being so smart. i'm moving slowly -- >> look out here it comes. >> do you need me to print it? >> stephanie: no, i got it. >> oh, no. what am i going to do now. >> stephanie: it was further down in the stack than i had anticipated. [♪ "world news tonight" theme ♪] >> stephanie: yes, he filibustered his own bill to lift the debt ceiling. instead they called his bluff and he ended up filibustering his own bill. ♪ you are an idiot ♪ >> stephanie: the legislation would permit the president to unilaterally lift the debt ceiling, and never before in our history has someone taken the debt ceiling hostage as something to negotiate over. >> right. >> stephanie: mcconnell brought up the legislation harry reid objected, and then reid ran it by his members and in the afternoon agrees to hol
harry reid, the old boxer -- >> yeah, harry reid boxed him into this. it's hysterical. >> stephanie: what is the boxing thing -- >> rope a dope. >> stephanie: yes, exactly. where is my story on this -- talk amongst yourselves. >> oh, okay. >> stephanie: he thought he was being so smart. i'm moving slowly -- >> look out here it comes. >> do you need me to print it? >> stephanie: no, i got it. >> oh, no. what am i going to do now....
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harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. rachel will be back tomorrow with great hair, as always. up next, "first look." >>> right now on "first look," terror at an. on. shopping mall as a mass gunman opens fire, killing two people. >>> north korea successfully fires a long-range rocket, defying the threat of international sanctions. >>> plus, michigan's right to work, a cosmic close shave and an update for you on that little guy, the ikea monkey in canada. >>> but first, good morning, everyone. i'm lynn berry. and the hustle and bustle of the holiday season took a terrifying turn in portland, oregon, yesterday, when a masked gunman stormed into a busy shopping mall and opened fire, killing two people, injuring another before apparently turning the gun on himself. nbc's kirk gregory ha
harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. rachel will be back tomorrow with great hair, as always. up next, "first look." >>> right now on "first look," terror at an. on. shopping mall as a mass gunman opens fire, killing two...
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dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume was up 14% year over year. california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they fl
dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume...
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so why is harry reid worried who is the quarterback on the other team? why is he even using this metaphor? is. >> why has he been running? >> this is why it's a good development. >> yeah. >> by the way, another interesting development with the leadership yesterday was mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling, he thought he had a power play to have them separate out the vote and embarrass democrats. they pulled together 51 votes and then he had to back off. >> he had to filibuster -- >> filibuster his own bill. >> isn't it a fascinating change, mark mckinnon. back when we were younger like ten years ago. it used to be the senate that was the chamber where members were more respectful of each other. now watching harry reid run the senate and mitch mcconnell blast back at him, they are acting really -- and you see this all across the senate, more like we used to behave in the house. >> yeah, that emperor isn't wearing much clothes. >> do you see a point in time two politicians seem more like the parade is p
so why is harry reid worried who is the quarterback on the other team? why is he even using this metaphor? is. >> why has he been running? >> this is why it's a good development. >> yeah. >> by the way, another interesting development with the leadership yesterday was mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling, he thought he had a power play to have them separate out the vote and embarrass democrats. they pulled together...
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harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watching what was happening there. >> you wouldn't have to watch the whole thing but somebody could tell you what happened. melissa: grover, thanks so much. here is our "money" question of the day, should grover norquist give into tax hikes? many of you mentioned he is not elected official. we know what you mean. like us on facebook.co facebook.com/melissafrancisfox or foal neon twitter -- follow me on twitter at melissa a francis. detroit is the latest possibility of being latest and biggest city to file for chapter 9 bankruptcy. detroit mayor binge said the city will lay off 400 to 500 workers in the nexx few months. it will take a lot more than that to keep the city from going broke. we're joined by michigan senator rick jones. thanks for joining me, senator, do yoo think if they dot latest layoffs will it satisfy the miles
harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watching what was happening there. >> you wouldn't have to watch the whole thing but somebody could tell you what happened. melissa: grover, thanks so much. here is our "money" question of the day, should grover norquist...
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senator harry reid used an interesting analogy on the floor to describe the current state of the republican party. listen to this first. >> he's got a problem. he has three quarter backs, sanchez, he's got tim tebow, a guy by the name of mcilroy. he can't describe who is going to be the quarterback. that's the same problem that the republicans are having. romney is there but he's in the background. who is the quarterback, mr. president. >> hogan, what do you think? who's the quarterback? >> what a great question. i think, look, inherently the democrats have the advantage with the bully pulpit of the presidency. we don't have that out there right now. there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to i
senator harry reid used an interesting analogy on the floor to describe the current state of the republican party. listen to this first. >> he's got a problem. he has three quarter backs, sanchez, he's got tim tebow, a guy by the name of mcilroy. he can't describe who is going to be the quarterback. that's the same problem that the republicans are having. romney is there but he's in the background. who is the quarterback, mr. president. >> hogan, what do you think? who's the...
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here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this unless he wants the death ceiling aised to remain a big uncertainty to work out a clip. cheryl: this news from one of our producers out of washington and this is just breaking right now so we will continue to follow this news out of the ec and get more details. cheryl: dennis: we will see the dow turned around on some optimism because having democrats and republicans working together at all on anything at this point seems like a rarity. elsewhere sports fans uniting in the court room, major-league baseball, hockey and others i
here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this...
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senate majority harry reid said something similar. you know i think that they're actually getting closer despite the rhetoric because we're not seeing a lot of leaks on either side. either from the white house or boehner. they've had the phone calls. we don't know what really went on during them. before, we got some semblance of what went on. i think there is incentive on both sides to get a deal. now whether it is done before christmas or new year's, i'm not sure. boehner needs a if fatigue factor. he knows it will be the toughest moment of his speakership. he has to get 100 votes on his side. he has to get something from president obama whether it's more aggressive medicare means testing, something he can go back with a shiny object to his tea party guys and say at least we got this. and of course, we have to increase taxes because well, we lost the election. that's going to be very hard sell. >> bill: so this -- does this -- this have to be entitlement so-called entitlement reform? >> i think it's gotta be some type of change in en
senate majority harry reid said something similar. you know i think that they're actually getting closer despite the rhetoric because we're not seeing a lot of leaks on either side. either from the white house or boehner. they've had the phone calls. we don't know what really went on during them. before, we got some semblance of what went on. i think there is incentive on both sides to get a deal. now whether it is done before christmas or new year's, i'm not sure. boehner needs a if fatigue...
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listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what kind of revenue. >> the top 2%. >> what else? >> and the debt limit and-- >> what else. >> and there's plenty. 1.6 trillion and the stimulus, 2 it00, 200 billion. >> i think it was-- >> and --. >> well, joining us now is the man who had that exchange with senator reed from the daily caller. nick, what did you and/or our viewers and myself. what are we supposed to get out of that interview with senator ray reid. >> i went in to the press conference not knowing i'd get a quiz about the details. it was a clear question to the majority leader will you bring the president's plan up for a vote and he clearly did not want to answer it and a
listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what...
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he will be missed by democratic senator harry reid calling demint a friend. >>> i have read his book. he's read my book. we are friends. we spent half hour within the past week talking about the senate. at this time, i didn't know that he was considering leaving. i'm not sure that he had made a decision at that time. i rather doubt it. but i've always liked the guy. and even though i disagreed with so much of what he's done, i appreciate that -- i personally believe he does this out of a sense of real belief. it's not political posturing for him as it is for a lot of time. i like jim demint. i wish him well. >> keep in mind, demint is leaving with four years left in his senate term. earlier he had said he would retire in 2017 but gave no previous indication he might quit now. >>> as concerns are rising over activity at syria's chemical weapons site a new round of diplomacy today. hillary clinton meets with russia's foreign minister, a long-time friend of syria's. so what happens next? i'm brooke baldwin. the news is now. >>> when something brings you down, you got to get up. >> you ok
he will be missed by democratic senator harry reid calling demint a friend. >>> i have read his book. he's read my book. we are friends. we spent half hour within the past week talking about the senate. at this time, i didn't know that he was considering leaving. i'm not sure that he had made a decision at that time. i rather doubt it. but i've always liked the guy. and even though i disagreed with so much of what he's done, i appreciate that -- i personally believe he does this out of...
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senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change depending on that, but the percentage increase is the same a matter where you live in the country. host: we are talking about social security and how would factors into the so called "fiscal cliff." if you would like to join the conversation, here are the numbers to call -- . all the sudden they have taken the steam out of what the greatest economic miracles. the thing that they had, an economy growing rapidly, is fragile and requires government to facilitate rather than later costs and uncertainty on top of it. it's almost like a test tube in the u.s. now. there was a time we had a
senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change...
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this morning on the floor you had the majority leader harry reid and senator mcconnell talk ago little football, perhaps a sign they are lightening things up and trying to move things forward. jenna: maybe. are they the only two that talk. the floor always looks empty, mike, is it just the two of them back and forth, is that what is going on? >> reporter: they come through, they take center stage and later in the day you get all kinds of things. jenna: a little football talk. never really a bad thing. thank you for the update. jon: let's continue to talk about that a little bit. we are looking at whether president obama is at risk of repeating what some critics have said is a mistake he made in which is one term. one columnist writing that mr. obama alley natured the g.o.p. with his stimulus package. he said rather than work with republicans he colluded with democratic leaders. he goes onto write, quote, fast forward to 2012 it looks as if the white house is trying to repeat its mistakes all over again. joining us now the author of that column jonah goldberg editor at large of the nati
this morning on the floor you had the majority leader harry reid and senator mcconnell talk ago little football, perhaps a sign they are lightening things up and trying to move things forward. jenna: maybe. are they the only two that talk. the floor always looks empty, mike, is it just the two of them back and forth, is that what is going on? >> reporter: they come through, they take center stage and later in the day you get all kinds of things. jenna: a little football talk. never really...
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we're hearing the majority leader in the senate, harry reid, is concerned about running out of time. the former speaker of the house, the house minority leader, nancy pelosi, expressed concerns about timing. over at the white house early today, it got personal between jay carney and speaker john boehner, carney making reference to a situation almost 20 years old. take a also listen to this. >> let me say while i personally am fond of john boehner, his record of predicting what would happen to certain economic policies were instituted is abysmal. after 1993, after the budget plan was passed we saw record increase and vast. a wealth created. >> this was earlier. the important thing, a face-to-face meeting between the president and speaker. they had a phone call tuesday evening which was less than cordial. perhaps a face-to-face meeting will move the ball forward. >> gretchen: if only they were on the golf course. that solves everything. mike emanuel, thank you very much. >> thank you. >> let's talk about the john mcafee saga wanted for questioning in his neighbor's death. he tells abc
we're hearing the majority leader in the senate, harry reid, is concerned about running out of time. the former speaker of the house, the house minority leader, nancy pelosi, expressed concerns about timing. over at the white house early today, it got personal between jay carney and speaker john boehner, carney making reference to a situation almost 20 years old. take a also listen to this. >> let me say while i personally am fond of john boehner, his record of predicting what would...
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he did that and harry reid turned around and said, let's see if we can do it with a simple majority for 51 votes and democrats it appeared had made sure they had that and then mitch mcconnell in return ended up objecting to the very thing he propose eed. take a listen. >> now the republican leader objects his own idea. i guess we have a filibuster of his own bill. >> so this was some maneuvering that went on. mitch mcconnell won the day when he proposed a vote overall on the entire fiscal cliff proposal and harry reid objected to it. it's a little bit of a back and forth going on in the midst of these talks that are now reopened. >> you can't filibuster your own bill. that makes no sense. >> apparently you can. >> thank god it's friday. thank you. we appreciate the update. >>> other stories making news that are not all crazy. >> i have some craziness. we're watching the situation in egypt where opponents of mohamed morsi are gathering. the crowds are set to be calm. activists are determined to keep up the pressure and refused to descend the decree granting himself powers. his government
he did that and harry reid turned around and said, let's see if we can do it with a simple majority for 51 votes and democrats it appeared had made sure they had that and then mitch mcconnell in return ended up objecting to the very thing he propose eed. take a listen. >> now the republican leader objects his own idea. i guess we have a filibuster of his own bill. >> so this was some maneuvering that went on. mitch mcconnell won the day when he proposed a vote overall on the entire...
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reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from geithner yesterday to steve liesman he's prepared to go over the cliff if need be. >> yes. >> do we know if the republican position is weakening at all, are they ready to make any concessions on their end? >> well we get a sense that some republicans that i've been talking to are ready to make a deal, i talked to a couple republicans in the house yesterday who said they are urging speaker boehner to cut a deal here to agree with the president to extend the bush tax cuts for all those under 250,000, at least do that much, so there is some weakening on the republican side. the question is whether there's enough to get a de
reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from...
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harry reid would all agree would not be in the senate if not for the tea party nominating sharron angle, not not a strong candidate. delaware, todd aiken in missouri. tea party done a lot of damage to republican party. you would probably have senate republican leader mitch mcconnell if not for the tea party. to monica's point, jim demint will create problems from somebody like john boehner. >> as he should. >> wants to desperately cut a deal but probably won't be able to because his own caucus won't go along with it. >> if the republican party stuck to their core principles of limited government and fiscal restraint there would be no need for a tea party. thanks to jim demint, you named a couple of candidates that were weak, thanks to demint and strong tea party folks we have mike lee, jeff flake, marco rubio, we have rand paul, pat toomey. they would not have gotten to the senate without jim demint. he will be a huge force bringing country back. jon: we'll hear a lot from him in the days ahead. monica, yulely, thank you both. >> thank you. heather: coming up two brothers face a judge a
harry reid would all agree would not be in the senate if not for the tea party nominating sharron angle, not not a strong candidate. delaware, todd aiken in missouri. tea party done a lot of damage to republican party. you would probably have senate republican leader mitch mcconnell if not for the tea party. to monica's point, jim demint will create problems from somebody like john boehner. >> as he should. >> wants to desperately cut a deal but probably won't be able to because his...
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. >> reporter: but when majority leader harry reid took him up on the offer today, mcconnell backed down. >> what we have here is a case i told everyone that we are willing to have that vote, up or down vote, and now the gop leader objects to his own idea. >> woodruff: meantime, republicans learned today the party was losing one of their most outspoken voices on fiscal issues. two-term south carolina senator jim demint announced that he will resign in january. to become the next president of the heritage foundation-- a conservative washington think tank. in a statement, demint said, a tea party favorite, demint had blasted the house republicans' proposal to raise revenue earlier in the week. south carolina's other senator lindsey graham lamented the loss of his colleague and friend. >> he really did strongly and passionately advocate for his position and did it very effectively, jim made the republican party quite frankly look inward and do some self evaluation, conservatism is an asset not a liability. >> woodruff: the other side of capitol hill was largely quiet today, with the house n
. >> reporter: but when majority leader harry reid took him up on the offer today, mcconnell backed down. >> what we have here is a case i told everyone that we are willing to have that vote, up or down vote, and now the gop leader objects to his own idea. >> woodruff: meantime, republicans learned today the party was losing one of their most outspoken voices on fiscal issues. two-term south carolina senator jim demint announced that he will resign in january. to become the...
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. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to pass would sail through the house of representatives. democrats would overwhelmingly vote for it. i would doubt there could be any democrat that would vote against it. and as we know from the chorus of republicans that are added to every day, more republicans join every day. >> reporter: in fact, new polls show americans do want compromise, and it's the democrats who hold the edge. an nbc/"wall street journal" poll released yesterday shows a majority. 65% say president obama has a mandate on both increasing taxes on the wealthy and reducing federal spending; a similar two-thirds are willing to accept tax increases or cuts in federal government programs to reach a deal. but while public support on taxes is overwhelming, opinion on proposed cuts is less so. a new pew research center poll out today shows: three-quarters said deficit reduction should come from cutting major
. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to pass would sail through the house of representatives. democrats would overwhelmingly vote for it. i would doubt there could be any democrat that would vote against it. and as we know from the chorus of republicans that are added to every day, more republicans join...
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he took the debt limit and put that on the floor and harry reid said i'm going to take a look at it and get back to you. few hours he said hey, mitch, let's do it. and we have the votes let's put it on the floor and mitch mcconnell said only if there's a 60 vote thresh hold and republicans lost a lot of leverage there. this -- remember the debt ceiling limit was something republicans thought they could deal on going forward and that they could maybe get some spending cuts and agreement to raise the debt limit. >> they thought they had the upper hand. mitch mcconnell sort of blew his own leverage. dick gephardt and the others you've spoken to say about the way the current leadership is handling this. >> they're optimistic. when i talk to the former house majority leader gephardt yesterday, he said i feel like there's a rhythm to these things and we're in a rhythm now where the principles, the president and speaker are talking and not leaking those calls. if you saw both the white house was very cagey about the call yesterday between the two men, speaker boehner wouldn't talk about the --
he took the debt limit and put that on the floor and harry reid said i'm going to take a look at it and get back to you. few hours he said hey, mitch, let's do it. and we have the votes let's put it on the floor and mitch mcconnell said only if there's a 60 vote thresh hold and republicans lost a lot of leverage there. this -- remember the debt ceiling limit was something republicans thought they could deal on going forward and that they could maybe get some spending cuts and agreement to raise...
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and demint made a point of personally going to harry reid's office to tell him face-to-face that he decided to resign. i can tell you as an observer of the senate watching relationships deteriorate, this was surprising but a good surprise. >> leaving on a good note at least with the majority leader in the senate. dana, thanks very much. and i'm joined now by senator demint along with heritage foundation founding trustee, the current president, we see the outgoing president, ed feulner, thanks for coming in. we're going to talk a little about the state of the heritage foundation and the republican party. the senator's here, the newsmaker, you shocked all of us. why did you do this? >> wolf, after this last election it's apparent we need to do more as conservatives to convince americans that our ideas and policies are going to make their lives better. the heritage foundation is the premier think tank, research organization, the premier idea group for the conservative movement. this will give me the opportunity to help take our case to the american people. and to translate our policies into re
and demint made a point of personally going to harry reid's office to tell him face-to-face that he decided to resign. i can tell you as an observer of the senate watching relationships deteriorate, this was surprising but a good surprise. >> leaving on a good note at least with the majority leader in the senate. dana, thanks very much. and i'm joined now by senator demint along with heritage foundation founding trustee, the current president, we see the outgoing president, ed feulner,...
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but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american people. the math is clear. the only way to accomplish these things is to allow the rates to go up on the top two percent of tax payers. we're not going to twist ourselves into contortions to apiece a vocal minority of the tea party. >> reporter: in turn, senate minority leader mitch mcconnell said president obama needs to ride herd on democrats if there's any hope of agreement. >> only one person in the country can deliver the members of his party to support a deal that he makes. and that's the president. there have been no deals of this magnitude made in modern times in congress and forced on a reluctant president. i would hope the president would turn off the campaign. congratulations you had a great victory. and let's get serious about dealing with this deficit and debt here at the end of the year. >> reporter: the partisan back and forth
but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american people. the math is clear. the only way to accomplish these things is to allow the rates to go up on the top two percent of tax payers. we're not going to twist ourselves into contortions to apiece a vocal minority of the tea party....
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harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own party will even vote for. he is not interested in a balanced agreement, not particularly interested in avoiding the fiscal cliff, and clearly not interested at all in cutting any spending. with the president is really in, as we learned just yesterday, is getting as much taxpayer money as he can, first by raising taxes on small businesses who he believes are making too much money, and then on everybody else. not so he can lower the debt or the deficit, but so he can spend to his heart's content. for months, the president has been saying that all he wanted to raise taxes on the top 2% so he can tackle the d
harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own...
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. >> harry reid has invited director steven spielberg to do a screening of his new movie "lincoln" right there on the senate floor. that's great idea, don't you think? we've got huge unemployment, in the middle much a war, about to go off the fiscal cliff. this guy is going, let's show a movie at work! that will be fun. no wonder they can't get anything done. >> gretchen: that's funny. i guess the only inspiration would be that maybe it would be inspiration to actually get something done because if you see the movie, you see that president lincoln got something done. >> steve: of course, that's in the senate. a u.s. senator is weighing in on the new movie that comes out in december, called "zero dark 30", all about the operation that got bin laden. what's interesting, though, and we haven't seen the movie yet, but apparently, according to people who have seen the movie, about the first 15 minutes involves a water boarding of the courier by operatives and, of course, the water boarding by the curier led to mr. bin laden and his compound. but there is a problem there. that is the fact that
. >> harry reid has invited director steven spielberg to do a screening of his new movie "lincoln" right there on the senate floor. that's great idea, don't you think? we've got huge unemployment, in the middle much a war, about to go off the fiscal cliff. this guy is going, let's show a movie at work! that will be fun. no wonder they can't get anything done. >> gretchen: that's funny. i guess the only inspiration would be that maybe it would be inspiration to actually get...
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. >> on the senate side of the capital, harry reid and other senate democratic leaders held a press conference about the fiscal cliffs. including hurricane sandy legislation. this is about 20 minutes. >> and here he is. >> with every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. today, sen. cornyn will be the second ranking republican next congress. they'll call upon john bennett to the reasonable thing. they will have this below sooner or later. those rates go up by operational luol -- and he said this all, this is true. within three-quarters of the american people including 61% of republicans agree with john corn -- john cornyn that they cannot be held hostage were giveaways to billionaires. the only question is how much the trust's sole class families and how much they will have to endure during this process. many other pieces of business critical to middle-class families that we will be working on if we resolve the fiscal cliffs. they are waiting and waiting for the press conferences, and reality will set in. and it hasn't yet. he is ign
. >> on the senate side of the capital, harry reid and other senate democratic leaders held a press conference about the fiscal cliffs. including hurricane sandy legislation. this is about 20 minutes. >> and here he is. >> with every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. today, sen. cornyn will be the second ranking republican next congress. they'll call upon john bennett to the reasonable thing. they will have this...
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harry reid came out and said that he thinks the republican proposals so far haven't been good enough. >> they've got to come with some specific revenue. they've refused to do that. it's all these generalities. they'll close loopholes. it's a simple question, as president clinton said, of arithmetic. arithmetic. you can't get from here to there unless you raise the rates. >> so guys, that's where we are as of this morning, and now what everyone's waiting for is which side will make a concrete proposal here that actually includes some concessions? back to you. >> joining us from washington, d.c., jake sherman, congressional reporter for politico. who is going to make some honest concessions first? >> what eamon said is absolutely right. this comes down to one thing, whether republicans are willing to raise marginal income tax rates on americans. they're saying they're willing to raise revenue, but president obama has one criteria in this debate and that's raising income rates on all americans. right now, the sides are in their two corners on this and nobody is moving. so we're really on
harry reid came out and said that he thinks the republican proposals so far haven't been good enough. >> they've got to come with some specific revenue. they've refused to do that. it's all these generalities. they'll close loopholes. it's a simple question, as president clinton said, of arithmetic. arithmetic. you can't get from here to there unless you raise the rates. >> so guys, that's where we are as of this morning, and now what everyone's waiting for is which side will make a...
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senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change depending on that, but the percentage increase is the same a matter where you live in the country. host: we are talking about social security and how would factors into the so called "fiscal cliff." if you would like to join the conversation, here are the numbers to call -- we will get to the calls in a moment. we will hear what they think about social security being on the table. do you get the sense we will talk about this a lot in the next couple weeks or will this discussion, a lot more next year? guest: it's not clear whether they will be able to get social security part of the
senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change...
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i think senator harry reid, the majority leader in the senate, has said that social security should not be a part of this. so has nancy pelosi, the democratic leader in the house. host: the cost of living adjustment in social security, does that change depending on where you live in the country? if you live in a more or less expensive area? or is it across the board for everyone? guest: it's across the board for everyone so it's a percent. it depends on how big your benefits are each year. you cited some average numbers of about $1,200 a month for a retired worker. a lot of people get more. some people get less. so the dollar amount for your increase would change depending on that. but, no, the percentage increase is the same no matter where you live in the country. host: reporter for the associated press. we're talking about social security and how it factors into the so-called fiscal cliff. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> waiting for the u.s. house to gavel back in momentarily for a couple of votes inc
i think senator harry reid, the majority leader in the senate, has said that social security should not be a part of this. so has nancy pelosi, the democratic leader in the house. host: the cost of living adjustment in social security, does that change depending on where you live in the country? if you live in a more or less expensive area? or is it across the board for everyone? guest: it's across the board for everyone so it's a percent. it depends on how big your benefits are each year. you...
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speaker, i would encourage the president and harry reid since they have slapped this bill on the backs of every american, they really ought to read what they've done to americans. there are a lot of people that have. there's a good article. seemed to be -- i don't know guy benson but political edor for townhall.com wrote in september, 2012, talking about president barack obama's re-election. has been running millions of dollars worth of advertisements claiming that mitt romney's plans will raise taxes on middle class americans. this isn't true. romney promises precisely the opposite. in factcheck.org has called out democrats for repeated -- repeatedly debunked the charge. to paraphrase president clinton's d.n.c., it takes a lot of brass for criticizing someone for doing something you've done yourself. so before we get into the last punch line, let's go back to videotape. online it had a video that could be punched. it was president barack obama speaking. part of his quote says, i can make a firm pledge under my plan no family making less than $250,000 will see any form of tax increase.
speaker, i would encourage the president and harry reid since they have slapped this bill on the backs of every american, they really ought to read what they've done to americans. there are a lot of people that have. there's a good article. seemed to be -- i don't know guy benson but political edor for townhall.com wrote in september, 2012, talking about president barack obama's re-election. has been running millions of dollars worth of advertisements claiming that mitt romney's plans will...